HS Code 7208 Tariff: Singapore to United States

Current tariff rates for flat-rolled products of iron or nonalloy steel, of a width of 600 mm or more, hot-rolled, not clad, plated or coated: (HS code 7208) imported from Singapore to the United States.

Hedge tariff risk: Trade tariff prediction markets on Ballast Markets to lock in costs and protect margins against future tariff changes.

Current Tariff Rate (2025)

| Component | Rate | Details | |-----------|------|---------| | MFN (Column 1) | 0% | Most-Favored Nation base rate |

Trade Volume (2023)

No recent Census Bureau trade data available for this HS code + country combination. This may indicate:

Low or zero trade volume
New tariff classification
Trade data aggregated under different HS code

Tariff History

2018-03-23: Section 232 tariff imposed (25%)

Landed Cost Impact

Example Calculation for HS 7208 from Singapore:

| Cost Component | Amount | % of Total | |----------------|--------|------------| | FOB Price | $1000 | 65% | | Ocean Freight | $150 | 10% | | Insurance | $15 | 1% | | Customs Duties (25%) | $250 | 16% | | Inland Transport | $120 | 8% | | Total Landed Cost | $1535 | 100% |

Tariff Cost Impact: Without tariffs, landed cost would be $1285 → tariffs add $250 (19% increase).

Comparison to Alternative Sources

| Country | Typical Tariff | Price Advantage | |---------|---------------|-----------------| | Singapore | 25% | Baseline | | Mexico | 0% (USMCA) | -25% tariff cost | | Canada | 0% (USMCA) | -25% tariff cost | | China | 25% | Equal | | Vietnam | 0% MFN | -25% vs Singapore |

Note: Actual tariff rates vary by specific product classification and country-specific trade agreements. Verify with customs broker.

Hedging Strategies

1. Tariff Prediction Markets

Problem: Tariff rates can change with 30-90 days notice via USTR actions.

Solution: Tariff prediction markets allow you to hedge:

Example:

Exposure: $10M annual HS 7208 imports from Singapore
Current tariff cost: $2.5M (25%)
Risk: Tariffs increase to 50% → additional cost
Hedge: Buy "US-Singapore Tariff > 35% by Q4 2025" position

Learn more: How to Hedge Tariff Risk

2. Sourcing Diversification

Strategy: Split sourcing between Singapore and USMCA countries to hedge tariff volatility.

Example Mix:

60% from Singapore (25% tariff)
40% from Mexico (0% tariff via USMCA)
Blended rate: 15% (vs. 25% all-Singapore)
Annual savings: $0.0B

3. Pre-Tariff Stockpiling

If tariff increase expected:

Order 3-6 months inventory before effective date
Cost: Increased working capital (inventory holding)
Benefit: Lock in current 25% rate vs. potential 50%

Related Tariff Pages

HS Code 7208 Overview - Product classification guide
Singapore-US Trade Profile - Bilateral trade overview
Section 301 Tariffs Explained - China trade actions
USMCA Qualification - 0% tariff requirements

Sources

U.S. International Trade Commission (USITC) HTS Database (accessed 2025-11-04)
USTR Section 301/232 Tariff Lists

Risk Disclosure

This content is for informational and educational purposes only and should not be construed as financial, legal, or investment advice. Tariff rates are subject to change based on government policy and trade negotiations. Verify current rates with U.S. Customs and Border Protection (CBP) or qualified customs brokers before making sourcing decisions. Prediction markets involve risk of loss.

Disclaimer

Ballast Markets provides this content as a free educational resource for the global trade community. Tariff data is sourced from USITC and USTR but may contain errors or be outdated. For compliance purposes, always verify rates with official sources. Trade statistics from Census Bureau may have reporting delays.

Last updated: 2025-11-04